When it comes to basement remodels, the most costly way is to start with bare bones. If all you have is concrete walls and floors, you need to add framing, electrical, plumbing, flooring and trim. Basement finishing in a newer home that already has plumbing and electrical roughed in, a watertight foundation and some insulation installed—but no final finishes (like drywall or paint or carpet)—usually costs less than remodeling an already finished basement. This is because when you already have a finished basement, the pros will need to do demolition at the beginning of the project, which can add $500–$1,500 to overall costs.
Any project involving electrical, plumbing, or turning the basement into a livable space, requires permits. Plumbing must be done to code for proper drainage to avoid health issues. It also has to ensure flushing certain waste back into the sewer. Electrical issues can cause short-circuits, blown breakers, and fires. The chance of something happening increases if installation is not done properly from the start, including acquiring the proper permits. If creating a bedroom or other regular living space, permits are required. Emergency escape avenues (for fire and other emergencies) need to be in place as well.
"I have found many of my ideas reading your magazine. I cut out pages and put them in a folder. When I first moved in, I didn't even have a TV, so I would just sit, read, and picture the house and basement finished. It now looks just as I pictured it. I saved by using recycled material: The rusty tin was from an old building that was being demolished; barn boards were from an old barn near my parents' farm. The barn door came off another old barn of a friend who said it was from an old boxcar they cut up in the 1940s. My grandfather built the house in 1927 and hand-dug the basement with my grandmother. Now my kids will have great memories of the house—and my grandparents, I know, would be happy."
Material Costs - In addition to the cost of framing and installing drywall to a basement bathroom, material costs can include: ceiling, flooring, paint, trim, toilet, sink, vanity, all fixtures, tub/shower surround, lighting, and all finishes like towel racks. Plumbing and electrical supplies also factor in to the final budget. Many material costs depend on type of product selected, the brand, and how high-end it is. Heated ceramic floor tiles cost more than basic vinyl tiles.
According to real estate agents and appraisers, a bedroom must have a door, window and closet. Adding a closet to your basement bedroom is crucial to adding value to your basement addition. There are a few components that will affect the cost, the size of the closet being the biggest. The average cost to install a closet is $1,779, with most homeowners spending between $1,272 and $1,917. More than likely, your closet cost will be lower seeing that the size of the closet won’t be nearly as large as your master bedroom or other main bedrooms.
If a homeowner is seeking to make basic changes in order to renovate a basement, then it can cost as little as $1,000 - $6,000. This means the walls and floor will be waterproofed, then carpet, wall panels, upgraded flooring or improved lighting might be added to make a basement feel like a living space. The cost will depend on the initial shape of a basement, how many upgrades are made and whether or not a contractor is hired to make certain installations.
Simply finishing the floors, walls, and ceilings of the basement can help increase the value of your home. But putting extra thought into what you want to use the space for now, will save you on fees later. For example, if you intend to use this as a children’s playroom, then building shelves into the walls, adding egress windows, and putting down carpeting can all be done at the time of the remodel, rather than added later.
Installing all of the necessary plumbing and electrical work while walls and floors are unfinished will result in savings.Starting from scratch doesn't require demolition, which can save you around $2,000. Framing may be necessary to define rooms and spaces. System upgrades usually call for minor expansions to the HVAC and electrical systems, but not adding plumbing. The bulk of the cost, however, is in flooring and finishing. After wrapping things up with carpeting, drywall, and ceiling material, you can expect to pay anywhere from $6,500 to $15,500.
Take care of some initial insulation in the basement by adding slip foam insulation on your cold-water pipes to prevent condensation from building up and then dripping inside your drywall or ceiling. Put slip foam on the hot-water pipes to prevent the loss of any heat. This should be done before boxing in any of the pipes in the basement. Tube pipe foam insulation costs approx. $1.50 – $3.70 per six-foot piece, which can range from ½” – 1” in thickness.
The average cost to add a bathroom to a basement is $7,600 or between a range from $2,500 to $12,400. A basement bathroom addition can add 10% – 20% to the value of your home. Drainage and plumbing will be your two most significant cost factors. For a small basement, a half-bath with no shower or tub is adequate, while a bedroom suite needs a full bathroom.
If the hundreds of photos and stories submitted to this year's annual Search for America's Best Remodel Contest prove one thing, it's that you love flipping the idea of what a basement can be. With a little work, these once dark, desolate spaces can become bonus rooms for entertaining family and friends or getting some work done. Here, the editors of This Old House pick the best basement remodels.
Homeowners wishing to enclose basement appliances should take note of air-supply requirements for both the furnace and water heater, which are powered by electricity or natural gas, oil or propane. Fuel-burning appliances use room air for combustion and require an unrestricted air supply. Any enclosure requires installation of a louvered door between living areas and the furnace room to ensure an adequate air supply and ventilation in your basement. Without sufficient air, a house may fill with dangerous gases, including carbon monoxide or radon.
You can fit a full bathroom with tub/shower combination in a room that measures 40-square feet. However, on average, a smaller bath (with just a stand-up shower) or a half-bath usually needs to be about 30-square feet for comfort and functionality. Depending on the basement space and layout, you may be able to go with a larger 60-square feet or more bathroom space. Creating bathroom with a separate water closet may require 100-square feet or more.
A remodeled basement gives you additional living space without changing the footprint 1 of your home. Basements can be remodeled to become in home theaters, children’s playrooms, entertainment areas, and family game rooms. Because the steps to finish the basement are similar for most of these purposes, you can gain a lot of additional space and use from your home simply by finishing this area.
Very disappointed in this episode and the direction the show is headed. If you watch old episodes there is more focus on how things are built or fixed. Also focus on the correct way to do things. This episode skips over all the details of building. It is becoming just another fixerup tv show where you show the before, some shots of work being done, and then the finished project. You need to remember your roots of teaching homeowners the correct way to do things, even if they hire contractors to do the work. Your show has been successful for 40 years because you have always stuck to the same core values. It looks as though you are throwing them away to be just like every other show.